Leicester Volunteer Fire Department Inc

Analysis

Leicester Volunteer Fire Department Inc is a registered charity in United States, based in Leicester, NC. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Leicester Volunteer Fire Department Inc reported income of $3.5m and spending of $3.1m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.5m (+68%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Leicester Volunteer Fire Department Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include The David Crockett Steam Fire Company No 1 ($3.5m), Abingdon Volunteer Fire and Rescue Incorporated ($3.5m) and Mahopac Volunteer Fire Department Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $68k (2.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $10.4m against liabilities of $6.0m, net assets of $4.4m. It reported 48 employees.